There is a late payment fee of up to $40 and a return payment fee of up to $40. The foreign transaction fee is 3% of the amount of each transaction in U.S. The cash advance fee is either $10 or 5% of the amount of each transaction, whichever is greater. However, Chase charges a balance transfer fee of $5 or 5% of the amount of each transfer, whichever is greater. You can also use your rewards to shop with points at or redeem them for gift cards, also generally without minimums. You can redeem your rewards in any amount for cash back in the form of a statement credit or direct deposit into most U.S. There’s no cap on how much you can earn and your rewards don’t expire as long as your account is open. Earning RewardsĪll eligible purchases earn 1.5% cash back. However, there is an unusual but welcome perk for new account holders: Earn a $25 statement credit after signing up for automatic payments within the first 3 months of account opening. There is currently not a spending-based sign-up bonus offer for this card. The Chase Freedom Rise credit card is a good option for those who are looking to build or improve their credit while still earning cash back on everyday purchases. Key Features of the Chase Freedom Rise Credit Card No other major card issuer advertises this feature. Those who have a Chase checking account with a balance of at least $250 are more likely to be approved. This is a fairly unique offer among cards of this class. New account holders can earn a $25 statement credit after signing up for automatic payments within the first 3 months of account opening. Many cards of this class only earn 1% cash back. This card earns 1.5% cash back on all purchases, which you can redeem for statement credit, cash through a direct deposit, or gift cards. 1.5% cash back on all eligible purchases.This card has a few features that distinguish it from other credit-building cards. What Sets the Chase Freedom Rise Credit Card Apart? That’s something to keep in mind if you travel abroad often or ever buy stuff from merchants based overseas. There is no annual fee for this card, but it does charge a 3% foreign transaction fee. And when your travel plans go sideways, you can be reimbursed for up to $1,500 per person with a trip cancellation and trip interruption policy. You can also get extended warranties on eligible items with existing manufacturers’ warranties. When shopping, your purchases are covered for up to $500 against theft and damage. This card also includes a few valuable benefits. Chase considers new-ish account holders for credit line increases 6 months after account opening, and there’s a good chance you’ll earn one if you use your card responsibly. With free credit score tracking and a higher chance of approval if you have a Chase checking account with a balance of at least $250, this card is a good option if you have poor (or just middling) credit but are eager to improve your credit score. Cash-back rewards don’t expire as long as your account is open, and there is no minimum to redeem for cash back. You can also use your rewards to shop with points at or redeem them for gift cards. The card earns 1.5% cash back on all purchases, which you can redeem for cash back in the form of a statement credit or direct deposit into most U.S. The Chase Freedom Rise Credit Card is a cash-back card that’s made for those who are looking to improve their credit while earning valuable rewards at the same time.Īlthough this card doesn’t have a really strong spend-based sign-up bonus, it does offer new account holders the opportunity to earn a $25 statement credit after signing up for automatic payments within the first three months of account opening. What Is the Chase Freedom Rise Credit Card? And it’s using a few innovative incentives to make the card appealing and increase your chance of being approved for your first credit card. Chase has leaned into the first option - becoming one of the largest credit card issuers largely by offering premium travel rewards and cash-back cards to existing credit card users.īut with its new Freedom Rise Credit Card, Chase is making a strong push to attract applicants who are new to credit cards. When you’re looking for your first credit card, your choices are often between cards with high annual fees and others that have no rewards and free benefits. The information related to the Chase Freedom Rise Credit Card has been collected by Money Crashers and has not been reviewed or provided by the issuer of this card.
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